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Lula Reiterates Opposition to Spending Cap, Eyes 1st Round Victory

LATIN AMERICA
  • BRAZIL: Speaking late yesterday, Presidential candidate Lula stated that the spending rule is an "imprisonment" imposed by the financial community, reiterating his opposition to the rule.
  • Lula continues to believe he will win the Presidential race in the first round, and polling supports this view: * Poder360 numbers out earlier today show Lula with 51% of the vote, against Bolsonaro's 39%.
  • MEXICO: Banxico are expected to expected to raise rates by 75bps, in lockstep with the Fed, at tomorrow's rate decision. Full MNI Preview here: https://roar-assets-auto.rbl.ms/documents/19006/MN...
  • Meanwhile, parliament votes on a bill for scrapping daylight savings.
  • CHILE: Later today, BCCh board member Naudon speaks on monetary policy, at 11am local time (1500BST/1000ET)
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  • BRAZIL: Speaking late yesterday, Presidential candidate Lula stated that the spending rule is an "imprisonment" imposed by the financial community, reiterating his opposition to the rule.
  • Lula continues to believe he will win the Presidential race in the first round, and polling supports this view: * Poder360 numbers out earlier today show Lula with 51% of the vote, against Bolsonaro's 39%.
  • MEXICO: Banxico are expected to expected to raise rates by 75bps, in lockstep with the Fed, at tomorrow's rate decision. Full MNI Preview here: https://roar-assets-auto.rbl.ms/documents/19006/MN...
  • Meanwhile, parliament votes on a bill for scrapping daylight savings.
  • CHILE: Later today, BCCh board member Naudon speaks on monetary policy, at 11am local time (1500BST/1000ET)